Russians boost London luxury home prices
The lack of supply has helped drive up house prices in desirable regions. Share on…
Real Estate
The prices of agricultural land will continue rising
Farmland prices in central Illinois have soared by 35 percent since January 2021. Share on…
Why is the ongoing housing crisis different?
Despite rising prices, riskier loans and mortgage defaults are down. Share on facebook Share on…
The 30-year mortgage rate has risen to 6.28 percent, up from 5.5 percent a week earlier
Rising interest rates have caused a sharp downturn in the housing market. According to the…
Home affordability has ‘collapsed’ in 2022.
Is a housing catastrophe on the horizon? According to BofA, this is unlikely. Share on…
December pending home sales drop as buyers face record high prices and low supply
The pending home sales index from the National Association of Realtors fell 0.3% month to month, the fourth straight monthly decline.
Pending sales were, however, 21.4% higher than December 2019, and this was the highest December reading on record.
“Pending home sales contracts have dipped during recent months, but I would attribute that to having too few homes for sale,” said Lawrence Yun, NAR’s chief economist.
There’s ‘a lot of opportunity’ in real estate as pandemic pinches property market, says investor
There is “a lot of opportunity” for investors to take advantage of distressed real estate assets, according to one of London’s prime property investors.
Montague Real Estate’s Thomas Balashev said the current economic downturn had devalued otherwise sound assets.
Investing opportunities are available across the globe, said Balashev, noting an uptick in interest from investors in Asia.
London’s City Hall to swap current home for sustainable development that uses tech from Siemens
The plan to switch locations comes at a time when London’s finances are under pressure.
It is hoped the move will help authorities save millions of pounds.
UK house prices see biggest jump since 2016 to hit fresh high – but it won’t last long, say property experts
U.K. house prices grew by 5.2% in August compared to the same month last year.
Month-on-month prices rose 1.6% from July to August.
The price of the average U.K. house hit £245,747 ($324,241).
Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low
Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than a year ago, according to the Mortgage Bankers Association.
That was the ninth consecutive week of gains and the highest volume in more than 11 years.
The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.30% from 3.38%.
